The Nigerian National Petroleum Company Limited is moving closer to an initial public offering after completing a baseline readiness assessment and starting to fix governance and financial reporting gaps. Group Chief Executive Officer Bayo Bashir Ojulari said this in an interview on Tuesday, October 13, 2026. Ojulari said NNPC had completed its preliminary assessment and…
Shell Petroleum B.V. has signed an agreement to sell its interest in the Shell Nigeria Gas Group to Nigerian energy company, Vaaris Energy Limited. The company which has operated in Nigeria’s domestic gas distribution for 25 years said the agreement provides a stronger platform for the business’ next chapter under new ownership. A statement by…
Nigeria Content Development and Monitoring Board (NCDMB The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Renaissance Africa Energy Company Limited, has launched a 12-month training program at Nigeria Machine Tools Limited, Osogbo, Osun State. The initiative will equip 60 young Nigerians with specialized expertise in oil and gas engineering as well as…
Nigeria’s quest to build a thriving gas economy will remain stalled unless government liberalizes pricing and creates a truly bankable, paying gas market that guarantees returns for investors Acting Managing Director and Gas Asset Manager at Neconde Energy Limited, Engr. Chichi Emenike has warned. Engr. Chichi Emenike, who spoke during a panel session with the…
The Executive Chairman and Founder of AA Holdings Ltd., Mr. Austin Avuru, has warned indigenous operators that asset acquisition alone will not translate to barrels without matching investment, infrastructure and execution muscle.Avuru gave the warning while speaking at the high-level strategic panel session of the 2026 NAEC Energy Conference organised by the Association of Energy…
Nigeria must urgently ramp up exploration in frontier and mature basins to replace fast-depleting reserves and secure its production future, President of the Nigerian Association of Petroleum Explorationists [NAPE], Mrs. Cecilia Ajayi, has warned Ajayi raised the alarm while speaking at a high level strategic panel session at the 2026 NAEC Energy Conference, organized by…
Nigeria must urgently deepen domestic financing and build indigenous capacity as international capital continues to retreat from African energy projects, the General Manager, Corporate Communications, Oando Plc, Mrs. Alero Balogun, has warned. Balogun made the call while speaking at the high-level strategic panel session of the 2026 NAEC Energy Conference organised by the Association of…
The Federal Government has called for greater access to infrastructure, capital, markets and predictable regulation to unlock the value of Nigeria’s estimated 215 trillion cubic feet of proven gas reserves.The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, said access to gas assets should go beyond licences and acreage, as investors could…
The Managing Director of Rainoil Limited, Emmanuel Omuojine, has called for a shift towards modular refineries and market-driven pricing to strengthen energy security and competitiveness in Nigeria and across West Africa. Omuojine made this call during a high-level energy industry panel discussion, at the Association of Energy Correspondents of Nigeria, NAEC, Energy Conference 2026 held…
Africa’s downstream and midstream energy industry will converge at the Lagos Oriental Hotel from 25–30 October 2026 for the 20th anniversary edition of OTL Africa Downstream Energy Week, under the theme “Secure Energy, Shared Prosperity.” The strategic conference and trade exhibition will run from 26–29 October, bringing together policymakers, regulators, operators, investors and service providers…
